This manager is primarily responsible for validation of derivative pricing models used in global capital market. You will collaborate with multiple stakeholders from groups including Global Analytics & Financial Engineering, Market Risk Measurement and Trading Floor Risk Management on a regular basis, and occasionally responses to internal and external auditors.

Key Accountabilities

Support Director/Senior Manager to validate derivative pricing models used in capital market and risk management for various purposes including P/L calculation, sensitivity calculation and limit monitoring etc.

• Manage the validation projects independently or work in a group; review model documentation; conduct research on new methodology and validation techniques; design and implement validation test plan.

• Provide reports for the summary of findings and opinion to the model approval committee.

• Manage relationship with key contacts as identified for each validation request submission

• 1 to 2 years experience in quantitative positions such as model development or model validation. In depth knowledge in one or more of the following product types and modeling technique is preferred: equity derivative, fixed income derivative, commodity derivatives, fx and credit derivatives; local/stochastic volatility modeling, IR curve bootstrapping, etc.

• Effective project and time management in order to efficiently deliver concurrent projects with competing priorities with good quality.

• Ability to supervise as well as independently deliver work assignments efficiently.

• Constructive conflict management ability; ability to collaborate effectively with model owner/sponsor counterparts as well as internal audit and regulators.

• Effective presentation and strong spoken and written communication skill is essential.

Location(s): Canada : Ontario : Toronto

As Canada’s international bank, we are a leader when it comes to inclusion. Scotiabankers hail from over 120 countries, speak more than 100 languages and serve over 23 million customers globally. As a highly diverse company, we know that an inclusive environment for employees and customers helps everyone achieve their best. We value the unique skills and experiences each individual brings to the bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide a positive recruitment experience.